Europe Recloser Market Size & Outlook, 2023-2030
The recloser market in Europe is expected to reach a projected revenue of US$ 277.6 million by 2030. A compound annual growth rate of 6.3% is expected of Europe recloser market from 2024 to 2030.
Revenue, 2023 (US$M)
$180.6
Forecast, 2030 (US$M)
$277.6
CAGR, 2024 - 2030
6.3%
Report Coverage
Europe
Europe recloser market highlights
- The Europe recloser market generated a revenue of USD 180.6 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, single-phase was the largest revenue generating phase in 2023.
- Single-phase is the most lucrative phase segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 180.6 million |
| Market revenue in 2030 | USD 277.6 million |
| Growth rate | 6.3% (CAGR from 2024 to 2030) |
| Largest segment | Single-phase |
| Fastest growing segment | Single-phase |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-phase |
| Key market players worldwide | ABB Ltd, Eaton Corp PLC, Schneider Electric SE, Siemens AG, Hubbell Inc, G&W Electric, General Electric |
Other key industry trends
- In terms of revenue, Europe region accounted for 15.9% of the global recloser market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 883.6 million by 2030.
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Recloser Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| G&W Electric | View profile | 501-1000 | Blue Island, Illinois, United States, North America | http://www.gwelec.com/ |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Hubbell Inc | View profile | 18400 | 40 Waterview Drive, Shelton, CT, United States, 06484 | https://www.hubbell.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
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